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Nonprofiteer
← JEFFERSON DAVIS ELECTRIC COOP INC

Form 990 for tax year 2023

Filed by JEFFERSON DAVIS ELECTRIC COOP INC.

Totals

Total revenue
$32,170,602
Total expenses
$32,278,328
Contributions and grants received
$0
Grants paid
$24,904
Program service revenue
$32,417,362
Investment income
-$328,022
Other revenue
$81,262
Total assets, end of year
$269,547,010
Total liabilities, end of year
$247,573,441
Net assets or fund balances, end of year
$21,973,569
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • JOHN BERKEN

    SECRETARY/TREASURER

    Total calculated
    $30,365
    From this org
    $30,365
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • JOSEPH TUPPER JR

    PRESIDENT

    Total calculated
    $30,665
    From this org
    $30,665
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.4

  • REGGIE MURPHY

    DIRECTOR

    Total calculated
    $30,665
    From this org
    $30,665
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • KEVIN SONNIER

    DIRECTOR

    Total calculated
    $29,465
    From this org
    $29,465
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • HERMAN PRECHT III

    VICE PRESIDENT

    Total calculated
    $29,798
    From this org
    $29,798
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • JAMES DOXEY

    DIRECTOR

    Total calculated
    $1,900
    From this org
    $1,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • MARTIN ZAUNBRECHER

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.4

  • BYRON HARDEE

    DIRECTOR

    Total calculated
    $15,864
    From this org
    $15,864
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • DEAN LANDRY

    DIRECTOR

    Total calculated
    $17,082
    From this org
    $17,082
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • MICHAEL HEINEN

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $351,310
    From this org
    $203,248
    From related orgs
    $0
    Other
    $148,062
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $198,667
    Bonus
    $866
    Other
    $3,715
    Deferred
    $120,607
    Nontaxable benefits
    $27,455
    Filer's total
    $351,310

  • TARA GUINN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $108,404
    From this org
    $75,055
    From related orgs
    $0
    Other
    $33,349
    Hours/week
    40

  • ERIC GAUTREAUX

    CHIEF OPERATING OFFICER

    Total calculated
    $148,488
    From this org
    $110,740
    From related orgs
    $0
    Other
    $37,748
    Hours/week
    44

  • JUSTIN NORTHCUTT

    WORKING FOREMAN

    Total calculated
    $146,537
    From this org
    $113,169
    From related orgs
    $0
    Other
    $33,368
    Hours/week
    44

  • JUSTIN RINGUET

    WORKING FOREMAN

    Total calculated
    $144,304
    From this org
    $106,555
    From related orgs
    $0
    Other
    $37,749
    Hours/week
    44

  • E GARNER NUNEZ

    FORMER DIRECTOR

    Total calculated
    $12,751
    From this org
    $12,751
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $12,751
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $12,751

  • CLAUDE BREAUX

    FORMER DIRECTOR

    Total calculated
    $12,751
    From this org
    $12,751
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $12,751
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $12,751

  • KIRK WELDON

    FORMER DIRECTOR

    Total calculated
    $18,790
    From this org
    $18,790
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $18,790
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $18,790

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. MICHAEL HEINEN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 116,607 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,000 TOTAL REPORTED IN COLUMN C $ 120,607 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (116,607) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 33,530 EXPENSE TO THE COOPERATIVE $ 37,530

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433219349300003

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